^^^
Based on chart…we’re expecting Ag @$18USD….not going to happen…
Based on chart…we’re expecting Ag @$18USD….not going to happen…
Midnight to 6am - Overnight Spot Watchers Spot...
- Thread starter Turk
- Start date
cause I stacked @$18….
Time to stop polishing those balls...
If you have another comp, I’ll donate my winning Maple to the winner. Perhaps for end June?
The channel seems to be support now. Or should i say for now.
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Debt ceiling drama is growing so that might be some blood in the streets here soon.
Im very disappointed by the lack of carnage so far. Its all going way too slooooowwww.
Im very disappointed by the lack of carnage so far. Its all going way too slooooowwww.
^^^
Biden style
Biden style
This is coming from one of the silver-manipulating banks, so take it with a few large grains of salt...
Citigroup Projects $30 Silver In The Next 6-12 Months
Citigroup projects silver could rise to $30 an ounce in the next six months to a year.
With silver currently in the $23.50 range, this represents a possible 27.66% return.
Citigroup analysts aren’t buying the Federal Reserve’s hawkish posturing. They think interest rates will fall in the near future as a recession takes hold.
Citigroup Projects $30 Silver In The Next 6-12 Months
Citigroup projects silver could rise to $30 an ounce in the next six months to a year.
With silver currently in the $23.50 range, this represents a possible 27.66% return.
We think recent price weakness offers a strong dip-buying opportunity, reiterating our call for $30/oz silver over the next 6-12 months as US growth rolls over, even if emerging markets growth stagnates.”
Silver is currently in a dip. The white metal is down almost 7% this month after cumulative gains of 20% over the past two months. Silver was above $26 at one point. But the dip appears to be temporary.Citigroup analysts aren’t buying the Federal Reserve’s hawkish posturing. They think interest rates will fall in the near future as a recession takes hold.
We expect silver would rally in anticipation of the fall in US interest rates and real yields that will likely accompany an anticipated rollover in US growth in Q4’22 or early 2024. This should weigh on the dollar, with Citi economists expecting US rates and the dollar to weaken further.”
Citigroup analysts said these dynamics should underpin demand for ETF silver.
Citigroup analysts said these dynamics should underpin demand for ETF silver.
Weaker competition for investment capital from other asset classes should also support silver pricing as markets increasingly price US recession risks.”
They also expect a potential increase in demand for silver in China.Our economists expect China to continue to gradually recover and any associated rebound in EM [emerging market] growth sentiment could be an incremental tailwind for silver. … We expect China demand could recover in 2H 23 following further easing measures by the PBoC.”
There are other bullish signs for silver the Citigroup analysis didn’t mention.
The silver-gold ratio still indicates silver is on sale.
The current silver-gold ratio is just over 83-1. That means it takes over 83 ounces of silver to buy an ounce of gold. To put that into perspective, the average in the modern era has been between 40:1 and 50:1. Historically, the ratio has always returned to that mean. And when it does, it does it with a vengeance. The ratio fell to 30-1 in 2011 and below 20-1 in 1979.
Historically, when the spread gets this wide, silver doesn’t just outperform gold, it goes on a massive run in a short period of time. Since January 2000, this has happened four times. As this chart shows, the snapback is swift and strong.
There are other bullish signs for silver the Citigroup analysis didn’t mention.
The silver-gold ratio still indicates silver is on sale.
The current silver-gold ratio is just over 83-1. That means it takes over 83 ounces of silver to buy an ounce of gold. To put that into perspective, the average in the modern era has been between 40:1 and 50:1. Historically, the ratio has always returned to that mean. And when it does, it does it with a vengeance. The ratio fell to 30-1 in 2011 and below 20-1 in 1979.
Historically, when the spread gets this wide, silver doesn’t just outperform gold, it goes on a massive run in a short period of time. Since January 2000, this has happened four times. As this chart shows, the snapback is swift and strong.
Spots just entered the $34 range...
Yes interesting, its bouncing strong off the support level on the weekly. Looking good!
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Bounced off the top of the channel and found support. Could be making another run for the ath?
Most traders say a triple top is bullish and the dip after it is usually shallow before the next break. Is that now?
Sounds like inventory is flying off the shelves around here.
We will see eventually but the channels are narrowing slowly anyway.
Im glad i got those gold Mexican Pesos ordered the other day when it was "cheap".
Most traders say a triple top is bullish and the dip after it is usually shallow before the next break. Is that now?
Sounds like inventory is flying off the shelves around here.
We will see eventually but the channels are narrowing slowly anyway.
Im glad i got those gold Mexican Pesos ordered the other day when it was "cheap".
Some say its rumors of the Powell Pause coming pushing it up and a weaker dollar on the loosening.
Might be a conspiracy.
Might be a conspiracy.
Well at least the debt ceiling cuck show is over for now. Might as well make it unlimited and keep the circus going now!
We dont need no stinkin debt ceiling! We can print more than anyone! Hehe what a fk show.
We dont need no stinkin debt ceiling! We can print more than anyone! Hehe what a fk show.
DJE
Well-Known Member
Prolonging the inevitable.
^^^
gotta keep those fat-cats happy too...forget the little guys who have shallow pockets...these little guys wont pay the campaign runs for 2024!
gotta keep those fat-cats happy too...forget the little guys who have shallow pockets...these little guys wont pay the campaign runs for 2024!
Pray for the sake of gold that General Brandon wins again. Its been pretty epic so far.
Plus the stumbling stuttering dementia patient is fun to watch and might as well keep it fun to watch ya know.
You can literally see in his face when hes shitting his pants. He always disappears after so they can clean him up i guess.
What a marxist loser but great for gold.
Plus the stumbling stuttering dementia patient is fun to watch and might as well keep it fun to watch ya know.
You can literally see in his face when hes shitting his pants. He always disappears after so they can clean him up i guess.
What a marxist loser but great for gold.
I hadn't even noticed silver has formed an inverse head and shoulders as Marc Faber pointed out. Looking good!
Ag seems to be heading to $18USD 
Plans have changed! I should have waited to place this last order! Haha
Absolutely!